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TABLE OF CONTENTS - MarketResearch.com: Market ... 6.5.3. Mohan Meakins Company Overview 6.6. Indian Beer Market Future Outlook 6.6.1. Cause and Effect Relationship between dependent

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Page 1: TABLE OF CONTENTS - MarketResearch.com: Market ... 6.5.3. Mohan Meakins Company Overview 6.6. Indian Beer Market Future Outlook 6.6.1. Cause and Effect Relationship between dependent
Page 2: TABLE OF CONTENTS - MarketResearch.com: Market ... 6.5.3. Mohan Meakins Company Overview 6.6. Indian Beer Market Future Outlook 6.6.1. Cause and Effect Relationship between dependent

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TABLE OF CONTENTS

1. Indian Alcoholic Beverages Market Introduction

2. Indian Alcoholic Beverages Market Size, FY’2005 – FY’2010

3. Indian Alcoholic Beverage Government Licensing and Regulations

4. Indian Alcoholic Beverage Market Segmentation by Product, FY’2005 – FY’2010

5. Indian Country Liquor Industry Market Introduction

5.1. Indian Country Liquor Market Size, FY’2005-FY’2010

5.2. Indian Country Liquor Market Trends and Developments

5.3. Indian Country Liquor Future Outlook

5.3.1. Cause and Effect Relationship between Dependent and independent factors prevailing in Indian Country Liquor Industry

5.3.2. Indian Country Liquor Industry Projections, FY’2011 – FY’2015

6. Indian Beer Industry Market Introduction

6.1. Indian Beer Industry Market Size, FY’2005-FY’2010

6.2. Indian Beer Industry Market Segmentation

6.2.1. By Alcohol Content, FY’2010

6.2.2. By Brews, FY’2010

6.3. Indian Beer Industry Trends and Developments

6.4. Indian Beer Industry Competitive Landscape

6.5. Beer Company Profiles

6.5.1. United Breweries Ltd (UBL)

Company Overview

Business Strategies

Financial Performance

6.5.2. Sab Miller

Company Overview

Business Strategies

Financial Performance

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6.5.3. Mohan Meakins

Company Overview

6.6. Indian Beer Market Future Outlook

6.6.1. Cause and Effect Relationship between dependent and independent factors prevailing in Indian Beer Industry

6.6.2. Indian Beer Industry Projections, FY’2011 – FY’2015

7. Indian Made Foreign Liquor (IMFL) Industry Market Introduction

7.1. IMFL Market Size, FY’2005-FY’2010

7.2. IMFL Market Segmentation, FY’2010 – FY’2015

7.2.1. Indian Whisky Market Size, FY’2005-FY’2010

7.2.2. Indian Brandy Market Size, FY’2005-FY’2010

7.2.3. Indian Rum Market Size, FY’2005-FY’2010

7.2.4. Indian Vodka Market Size, FY’2005-FY’2010

7.2.5. Indian Gin Market Size, FY’2005-FY’2010

7.2.6. IMFL Industry Trends and Developments

7.3. IMFL Market Competitive Landscape

7.4. IMFL Company Profiles

7.4.1. United Spirits Ltd (USL)

Business Strategies

Financial performance

7.4.2. Pernod Ricard (India)

Company Overview

Business Strategies

7.4.3. Radico Khaitan

Company overview

Business Strategy

Financial Performance

7.4.4. Allied Blenders & Distillers (ABD)

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Company Overview

Business Strategies

Financial Performance

7.5. IMFL Market Future Outlook

7.5.1. Cause and Effect Relationship between dependent and independent factors prevailing in IMFL Industry

7.5.2. IMFL Industry Projections, FY’2011 – FY’2015

7.5.2.1. Whisky Industry Projections, FY’2011 – FY’2015

7.5.2.2. Brandy Industry Projections, FY’2011 – FY’2015

7.5.2.3. Rum Industry Projections, FY’2011 – FY’2015

7.5.2.4. Vodka Industry Projections, FY’2011 – FY’2015

7.5.2.5. Gin Industry Projections, FY’2011 – FY’2015

8. Indian Wine Industry Market Introduction

8.1. Indian Wine Market Size, FY’2005-FY’2010

8.2. Indian Wine Market Segmentation

8.2.1. By Product, FY’2010

8.2.2 By Place, FY’2010

8.2.3 By Type of trade, FY’2010

8.3. Indian Wine Industry Trends and Developments

8.4. Indian Wine Market Competitive Landscape

8.5. Indian Wine Market Future Outlook

8.6.1. Cause and Effect Relationship between dependent and independent factors prevailing in Indian Wine Industry

8.6.2. Indian Wine Industry Projections, FY’2011 – FY’2015

9. Indian Alcoholic Beverages Industry Trends and Developments

10. Indian Alcoholic Beverage Industry SWOT Analysis

Strengths

Weakenesses

Opportunities

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Threats

11. Indian Alcoholic Beverages Market Future Outlook

11.1. Indian Alcoholic Beverages Industry Projections, FY’2011 – FY’2015

12. India Macro Economic Indicators: Current and Projections

12.1. Population of 20 years and above, 2005-2015

12.2. Consumer Expenditure on Food, Beverage and Tobacco, 2007-2015

13. Appendix

13.1. Market Definition

13.2. Abbreviations

13.3. Research Methodology

Data Collection Methods

Approach

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Scenario Analysis

Final Conclusion

13.4. Disclaimer

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LIST OF FIGURES

Figure 1: Indian Alcoholic Beverages Market Consumption in Million Cases and Consumption per Capita in Litres, FY’2005-FY’2010

Figure 2: Indian Alcoholic Beverage Market Segmentation by Product on the basis of Consumption, in Percentage, FY’2005-FY’2010

Figure 3: Indian Country Liquor Market Consumption in Million Cases and Consumption per Capita in Litres, FY’2005-FY’2010

Figure 4: Indian Country Liquor Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Figure 5: Indian Country Liquor Industry Projections in terms of Consumption per Capita in Litres, FY’2011-FY’2015

Figure 6: Indian Beer Industry Market Consumption in Million Cases and Consumption per Capita in Litres, FY’2005 - FY’2010

Figure 7: Indian Beer Industry Segmentation by Product on the basis of Alcohol Content in Percentage, FY’2010

Figure 8: Indian Beer Industry Segmentation by Type of Brews, in Percentage, FY’2005-FY’2010

Figure 9: Beer Consumption Trends by Gender in Percentage, FY’2010

Figure 10: Beer Consumption Trends among Urban and Rural Population in Percentage, FY’2010

Figure 11: Beer Consumption Trends by Age Group in Percentage, FY’2010

Figure 12: Indian Beer Companies’ Market Share in Percentage, FY’2010

Figure 13: Indian Beer Companies’ Sales in Million Cases, FY’2010

Figure 14: United Breweries’ Beer Sales Volume in Million Cases and Sales Value in USD Million, FY’2006 –FY’2011

Figure 15: United Breweries’ Major Brands (Kingfisher Strong and Premium) Sales in Million Cases, FY’2006-FY’2010

Figure 16: SABMiller’s Beer volume Sales in Million Cases, Value sales in USD million, FY’2006 –FY’2011

Figure 17: Indian Beer Industry Market Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

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Figure 18: Indian Beer Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Figure 19: Indian Beer Industry Projections in terms of Consumption per Capita in Litres, FY’2011-FY’2015

Figure 20: IMFL Market Consumption in Million Cases and Consumption per Capita in Litres, FY’2005-FY’2010

Figure 21: IMFL Market Segmentation by Product on the basis of Consumption in Percentage, FY’2005-FY’2010

Figure 22: Whisky Market Consumption in Million Cases and Consumption per Capita in Litres, FY’2005-FY’2010

Figure 23: Indian Whisky Market Share of Major Brands, in Percentage, FY’2011

Figure 24: Brandy Market Consumption in Million Cases and Consumption per Capita in Litres, FY’2005-FY’2010

Figure 25: Brandy Consumption Market Segmentation by Location in Percentage, FY’2010

Figure 26: Indian Brandy Market Share of Major Brands, in Percentage, FY’2010

Figure 27: Rum Market Consumption in Million Cases and Consumption per Capita in Litres, FY’2005-FY’2010

Figure 28: Indian Vodka Market Consumption in Million Cases and Consumption per Capita in Milliliters, FY’2005-FY’2010

Figure 29: Indian Gin Market Consumption in Million Cases and Consumption per Capita in Milliliters, FY’2005-FY’2010

Figure 30: IMFL Companies’ Market Share in Percentage, FY’2010

Figure 31: United Spirits Ltd’s Sales in Million Cases, FY’2006 –FY’2011

Figure 32: Radico Khaitan’s Sales in Volume in Million Cases and in Value in USD Million, FY’2009- FY’2011

Figure 33: Allied Blenders & Distillers’ IMFL Sales in Million Cases, FY’2007 –FY’2011

Figure 34: IMFL Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Figure 35: IMFL Industry Projections in terms of Consumption per Capita in Litres, FY’2011-FY’2015

Figure 36: Whisky Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

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Figure 37: Whisky Industry Projections in terms of Consumption per Capita in Litres, FY’2011-FY’2015

Figure 38: Brandy Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Figure 39: Brandy Industry Projections in terms of Consumption per Capita in Litres, FY’2011-FY’2015

Figure 40: Rum Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Figure 41: Rum Industry Projections in terms of Consumption per Capita in Litres, FY’2011-FY’2015

Figure 42: Vodka Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Figure 43: Vodka Industry Projections in terms of Consumption per Capita in Milliliters, FY’2011-FY’2015

Figure 44: Gin Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Figure 45: Gin Industry Projections in terms of Consumption per Capita in Milliliters, FY’2011-FY’2015

Figure 46: Indian Wine Market Consumption in Million Cases, and Consumption per Capita in Milliliters, FY’2005-FY’2010

Figure 47: Indian Wine Industry Market Consumption by Product Type in Percentage, FY’2010

Figure 48: Indian Wine Market Consumption by Place, in Percentage, FY’2010

Figure 49: Indian Wine Sales by Type of Trade, in Percentage, FY’2010

Figure 50: Wines Manufacturing Companies’ Market Share in India in Percentage, FY’2010

Figure 51: Indian Wine Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Figure 52: Indian Wine Industry Projections in terms of Consumption per Capita in Milliliters, FY’2011-FY’2015

Figure 53: Indian Alcoholic Beverages Market Future Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

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Figure 54: Indian Alcohol Beverage Industry Projections in terms of Consumption per Capita in Litres, FY’2011-FY’2015

Figure 55: Population of 20 years and above in Million, 2005-2015

Figure 56: Consumer Expenditure on Food, Beverage and Tobacco in USD Million, 2007-2015

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LIST OF TABLES

Table 1: Indian Governments’ Alcoholic Beverages Regulations Present Scenario and Impact

Table 2: Cause and Effect Relationship Analysis between Industry Factors and Expected Country Liquor Market Prospects

Table 3: Indian Country Liquor Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 4: United Breweries’ Major Brands and their Performance

Table 5: SABMiller’s Major Brands and their Performance

Table 6: Mohan Meakins’ Major brands in Each Segment

Table 7: Cause and Effect Relationship Analysis between Industry Factors and Expected Beer Market Prospects

Table 8: Indian Whisky Market Sales of Major Brands, in Million Cases, FY’2011

Table 9: IMFL Companies’ Sales in Million Cases, FY’2010

Table 10: USL Key Brands Sales for Whisky Segment in Million Cases, CY’2006-CY’2010

Table 11: USL Key Brands Sales for Brandy Segment in Million Cases, CY’2006-CY’2010

Table 12: USL Key Brands Sales for Rum Segment in Million Cases, CY’2006-CY’2010

Table 13: USL Key Brands Sales for Gin Segment in Million Cases, CY’2006-CY’2010

Table 14: USL Key Brands Sales for Vodka Segment in Million Cases, CY’2006-CY’2010

Table 15: USL’s Key Brands and their Performance Indicators

Table 16: Pernod Ricard’s Key Brands and their Performance Indicators

Table 17: Radico Khaitan’s Key Brands and their Performance Indicators

Table 18: Allied Blenders & Distillers’ Key Brands and Performance Indicators

Table 19: Cause and Effect Relationship Analysis between Industry Factors and Expected IMFL industry Prospects

Table 20: IMFL Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 21: Whisky Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

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Table 22: Brandy Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 23: Rum Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 24: Vodka Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 25: Wines Manufacturing Companies’ Sales in India in Million Cases, FY’2010

Table 26: Competitive Landscape of Major Players in the Indian Wine Industry

Table 27: Cause and Effect Relationship Analysis between Industry Factors and Expected Wine Market Prospects

Table 28: Indian Wine Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 29: Indian Alcoholic Beverages Market Future Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 30: Correlation Matrix

Table 31: Regression Coefficients Output

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LIST OF TABLES

Table 1: Indian Governments’ Alcoholic Beverages Regulations Present Scenario and Impact

Table 2: Cause and Effect Relationship Analysis between Industry Factors and Expected Country Liquor Market Prospects

Table 3: Indian Country Liquor Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 4: United Breweries’ Major Brands and their Performance

Table 5: SABMiller’s Major Brands and their Performance

Table 6: Mohan Meakins’ Major brands in Each Segment

Table 7: Cause and Effect Relationship Analysis between Industry Factors and Expected Beer Market Prospects

Table 8: Indian Whisky Market Sales of Major Brands, in Million Cases, FY’2011

Table 9: IMFL Companies’ Sales in Million Cases, FY’2010

Table 10: USL Key Brands Sales for Whisky Segment in Million Cases, CY’2006-CY’2010

Table 11: USL Key Brands Sales for Brandy Segment in Million Cases, CY’2006-CY’2010

Table 12: USL Key Brands Sales for Rum Segment in Million Cases, CY’2006-CY’2010

Table 13: USL Key Brands Sales for Gin Segment in Million Cases, CY’2006-CY’2009

Table 14: USL Key Brands Sales for Vodka Segment in Million Cases, CY’2006-CY’2009

Table 15: USL’s Key Brands and their Performance Indicators

Table 16: Pernod Ricard’s Key Brands and their Performance Indicators

Table 17: Radico Khaitan’s Key Brands and their Performance Indicators

Table 18: Allied Blenders & Distillers’ Key Brands and Performance Indicators

Table 19: Cause and Effect Relationship Analysis between Industry Factors and Expected IMFL industry Prospects

Table 20: IMFL Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 21: Whisky Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

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Table 22: Brandy Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 23: Rum Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 24: Vodka Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 25: Wines Manufacturing Companies’ Sales in India in Million Cases, FY’2010

Table 26: Competitive Landscape of Major Players in the Indian Wine Industry

Table 27: Cause and Effect Relationship Analysis between Industry Factors and Expected Wine Market Prospects

Table 28: Indian Wine Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 29: Indian Alcoholic Beverages Market Future Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Table 30: Correlation Matrix

Table 31: Regression Coefficients Output

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INDIAN ALCOHOLIC BEVERAGES MARKET

INDIAN ALCOHOLIC BEVERAGES MARKET SIZE, FY’2005 – FY’2010

India’s alcoholic beverage market has grown steadily in the last 5 years. The industry reached the 500 million cases consumption mark in FY’2007 and ~ million cases consumption mark in FY’2009, showcasing a rapid growth. From a 430.3 million cases market in FY’2005, the market has clocked a consumption of ~ million cases in FY’2010, registering a CAGR of ~ %.

Figure: Indian Alcoholic Beverages Market Consumption in Million Cases and Consumption per Capita in Litres, FY’2005-FY’2010

Source, AM Mindpower Solutions

INDIAN ALCOHOLIC BEVERAGE MARKET SEGMENTATION BY PRODUCT, FY’2005 – FY’2010

The Indian alcoholic beverage market is dominated by Country Liquor segment which holds the Lion’s share of ~% in FY’2010. The segment is continuously witnessing a decline in the share as large consumers are moving to premium and better quality liquor in the IMFL segment with the rise in their propensity to spend and increased hygiene risk in the consumption of country liquor.

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Figure: Indian Alcoholic Beverage Market Segmentation by Product on the basis of Consumption, in Percentage, FY’2005-FY’2010

Source: AM Mindpower Solutions

CAUSE AND EFFECT RELATIONSHIP BETWEEN DEPENDENT AND INDEPENDENT FACTORS PREVAILING IN INDIAN COUNTRY LIQUOR INDUSTRY

Table: Cause and Effect Relationship Analysis between Industry Factors and Expected Country Liquor Market Prospects

Industry Factors Market Impact Comments

Government regulations and licensing requirement

Increasing taxes on liquor

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Wine Beer Indian Made Foreign Liquor (IMFL) Country Liquor

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Changing consumer tastes and preferences; Brand Consciousness

Increasing Personal Disposable Income

Mounting Inflation

Source: AM Mindpower Solutions

Note: Shaded region represents the degree of impact on the market

INDIAN BEER INDUSTRY MARKET SEGMENTATION

BY ALCOHOL CONTENT, FY’2010

Beer market has been segmented into strong beer and mild beer on the basis of their alcohol content. Strong beer which has alcohol content more than 5%, dominates the Indian market accounting for ~ % of the total beer consumed in India, stating its popularity and preference. Mild beer which has less than 5% alcohol content holds ~ % of the beer consumption market share in FY’2010.

Figure: Indian Beer Industry Segmentation by Product on the basis of Alcohol Content in Percentage, FY’2010

FY'2010

Strong Beer

Mild Beer

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BY BREWS, FY’2010

Lager Beer dominates the beer market segment in India. Almost ~ % beer consumed in India is Lager beer while the rest three types contributed a marginal market share of ~ %. Most of the beer consumed in India is either mild Lager beer or strong Lager beer. It is followed by Ale, Stouts & Bitter Beer which accounted for more than ~ % of the market. Specialty beers accounted for below ~ % of the market total consumption while Low/no alcohol beers contributed ~ % of the market in FY’2010.

Figure: Indian Beer Industry Segmentation by Type of Brews, in Percentage, FY’2005-FY’2010

Source: AM Mindpower Solutions

BEER COMPANY PROFILES

UNITED BREWERIES LTD (UBL)

COMPANY OVERVIEW

United breweries Ltd. is the leading player in the Indian beer industry. Over the period, due to innovations, acquisitions and an extensive distribution network, UBL has become the

FY'2010

Lager

Ales, Stouts and Bitters

Specialty

Low/No Alcohol

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largest player in India in the beer segment accounting for more than ~ % of the beer consumed in India

The Company has showcased exceptional growth over the years. UBL in conjunction with its associates holds over ~ % of the mild beer market and ~ % of the strong beer market in India.

FINANCIAL PERFORMANCE

United Breweries is the leading player in the Indian beer industry. The Company has achieved several sales milestones over the past years. From a USD 150 million sales in FY’2006, UBL currently has registered sales of over USD ~ million in 2011.

UBL beer sales have grown from 43.4 million cases in FY’2005 to ~ million cases in FY’2011 growing at a CAGR of ~ %.

Figure: United Breweries’ Beer Sales Volume in Million Cases and Sales Value in USD Million, FY’2006 –FY’2011

Source: Company reports

IMFL MARKET SEGMENTATION, FY’2010 – FY’2015

IMFL market is mainly comprised of five types of spirits, Whisky, Rum, Brandy, Gin and Vodka. This industry can also be divided into Brown Spirits and White Spirits, where whisky, rum and brandy are generally categorized under brown spirits while vodka and gin

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are classified under white spirits. Brown spirits accounted for more than ~ % of the total IMFL consumed in FY’2010.

Figure: IMFL Market Segmentation by Product on the basis of Consumption in Percentage, FY’2005-FY’2010

Source: AM Mindpower Solutions

IMFL COMPANY PROFILES

UNITED SPIRITS LTD (USL)

FINANCIAL PERFORMANCE

Table: USL Key Brands Sales for Whisky Segment in Million Cases, CY’2006-CY’2010

Key Brands 2006 2007 2008 2009 2010

Bagpiper Whisky

McDowell's No.1 Whisky

Old Tavern Whisky

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Gin Vodka Brandy Rum Whisky

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Haywards Fine Whisky

Director's Special Whisky

DSP Black Whisky

McDowell's Green Label Whisky

Gold Riband Whisky

Signature Rare Whisky

Royal Challenge Whisky

Black Dog Scotch Whisky

McDowell's No.1 Platinum Whisky

Source: Company Reports

Table: USL Key Brands Sales for Brandy Segment in Million Cases, CY’2006-CY’2010

Key Brands 2006 2007 2008 2009 2010

McDowell's No.1 Brandy

Honey Bee Brandy

John Ex Shaw Brandy

Golconda Brandy

Source: Company Reports

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Table: USL Key Brands Sales for Vodka Segment in Million Cases, CY’2006-CY’2009

Key Brands 2006 2007 2008 2009 2010

White Mischief Vodka

Premium Romanov Vodka

Source: Company Reports

Table: USL’s Key Brands and their Performance Indicators

Key Brands Performance Indicators

Bagpiper

McDowell’s No.1 (Brandy)

McDowell’s No.1 Celebration Rum

Royal Challenge Whisky

McDowell’s No.1 (Whisky)

White Mischief

Source: Company reports, AM Mindpower Solutions

VODKA INDUSTRY PROJECTIONS, FY’2011 – FY’2015

Vodka, owing to the extensive use in making cocktails is gaining popularity. Going by the historical growth rate, the industry is set to attain consumption of ~ million cases in FY’2011 with per capita consumption of ~ milliliters. Vodka industry is expected to record consumption of ~ million cases in FY’2015 at a CAGR of ~ %.

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Figure: Vodka Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Source: AM Mindpower Solutions

Table: Vodka Industry Projections in terms of Consumption in Million Cases, FY’2011-FY’2015

Year Vodka Consumption (in Million Cases)

Conservative Case Base Case Aggressive Case

FY'2011

FY'2012

FY'2013

FY'2014

FY'2015

Source: AM Mindpower Solutions

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Figure: Vodka Industry Projections in terms of Consumption per Capita in Milliliters, FY’2011-FY’2015

Source: AM Mindpower Solutions

INDIAN WINE MARKET COMPETITIVE LANDSCAPE

The Indian Wine industry is dominated by domestic players. The main players include Chateau Indage, Sula Vineyards and Grover Vineyards. They contribute ~ %, ~ %, ~ % respectively in the domestic premium segment in FY’2010. These companies have several brands under their portfolio, offering several imported and exotic wines. These companies are importing wines from other countries prominently France, Italy and Australia and are gradually establishing their presence globally through increased exports.

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Figure: Wines Manufacturing Companies’ Market Share in India in Percentage, FY’2010

Source: AM Mindpower Solutions

Table: Wines Manufacturing Companies’ Sales in India in Million Cases, FY’2010

Company FY’2010 Sales (Million Cases)

Chateau Indage

Sula Vineyards

Grover Vineyards

Vinsura

Vintage Wines

Others

Source: AM Mindpower Solutions

FY'2010

Chateau Indage

Sula Vineyards

Grover Vineyards

Vinsura

Vintage Wines

Others

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Table: Competitive Landscape of Major Players in the Indian Wine Industry

Major Players Business Overview

Key Business Segments

(Revenue Contribution) Geographical Reach

Source: Company Reports, AM Mindpower Solutions

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